15105 Maplewood Avenue, Eastpointe, MI 48021 2203
- $335,000
- 4
- BA
- 2,557
- SqFt
- List Price
- $335,000
- Status
- ACTIVE
- MLS#
- 61001808
- Days on Market
- 45
- Year Built
- 1928
- Bathrooms
- 3
- Half baths
- 1
- Acres
- 0.16
- Living Area
- 2,557
- Municipality
- Eastpointe
- Region
- Eastpointe
- Township
- Eastpointe
- Subdivision
- Halfway Little Farms # 01
Property Description
This fully occupied, income-producing triplex offers strong cash flow from day one. The historic three-story brick building features three units -- a three-bedroom, one-bath at 1,310 square feet and two one-bedroom, one-bath units -- delivering $3,929 in monthly rental income and nearly $46,000 in annual gross income and CAP Rate of 7.5%. All units are leased, separately metered, and tenants pay electric. Rent covers heat-gas, water-sewer, snow removal, trash, and yard maintenance. Units 1 and 3 are Section 8, providing guaranteed government-backed rental payments. Major updates completed by the previous owner include a new roof, windows, and furnace in 2017-2018, and new exterior doors and water heater in 2020-2021. A single water heater and furnace service all units via a programmable thermostat. The partially finished basement houses a shared laundry facility, a half bath for landlord/property manager use, and 4 storage rooms. A detached 3 car garage sits vacant, offering additional rental income potential. Unit 1 features a private four seasons room filled with leaded glass windows and abundant natural light. Unit 2 enjoys a private balcony. The third level loft with original leaded glass windows presents an opportunity to be finished as a fourth income-producing unit. Sale includes all kitchen appliances, three washer/dryer sets, three window AC units, and an active Rental Certificate.
/u.realgeeks.media/soldbyleone/LeoneTeam_Logo.png){kind=logo}
Additional Information
- Lot Dimensions
- 70 x 100
- Heating
- Forced Air
- Cooling
- Ceiling Fan(s)
- Basement
- Yes
- Basement Description
- Block, Partially Finished
- Appliances
- Gas Water Heater
- Foundation
- Basement
- Water
- Public
- School District
- Eastpointe Community Schl
Mortgage Calculator
Listing Courtesy of National Realty Centers, Inc, Office Phone: 248-468-1444
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Provided through IDX via MiRealSource, as the "Source MLS", courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.